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Started By
Message
No FEMA money if you are in a flood zone?
Posted on 8/17/16 at 12:56 pm
Posted on 8/17/16 at 12:56 pm
Had breakfast this morning with a client who works in disaster recovery (he's about to get real busy). He was telling me about a requirement put in after Katrina that if you own a home in a flood zone at a higher risk than the X zone and you do not have flood insurance, that you are ineligible for federal assistance. He was also saying it would take federal action from Congress to waive that.
Anyone else hear of or know about this?
People who live in X zones would not have this apply to them.
In addition, he made a good point. People say that if they live in an X zone, then they are not in a flood zone. Everyone is in a flood zone if your community is part of the NFIP. The X zone just means you live in the zone of least risk. Not a zone of no risk.
Finally he said he would not be surprised to see mortgage companies in the future require everyone in South Louisiana to purchase and maintain flood insurance, even if they are in the X zone.
Just curious what y'alls thoughts are on these issues.
Anyone else hear of or know about this?
People who live in X zones would not have this apply to them.
In addition, he made a good point. People say that if they live in an X zone, then they are not in a flood zone. Everyone is in a flood zone if your community is part of the NFIP. The X zone just means you live in the zone of least risk. Not a zone of no risk.
Finally he said he would not be surprised to see mortgage companies in the future require everyone in South Louisiana to purchase and maintain flood insurance, even if they are in the X zone.
Just curious what y'alls thoughts are on these issues.
7
Posted on 8/17/16 at 12:57 pm to LSUFanHouston
quote:
Finally he said he would not be surprised to see mortgage companies in the future require everyone in South Louisiana to purchase and maintain flood insurance, even if they are in the X zone.
We all know this is coming.
Posted on 8/17/16 at 12:57 pm to LSUFanHouston
truth
Posted on 8/17/16 at 12:58 pm to BRgetthenet
Should be too. Its needed across the country to stabilize premiums too.
Posted on 8/17/16 at 1:00 pm to Chad504boy
Agreed.
Healthcare, but not flood? Just stupid.
Healthcare, but not flood? Just stupid.
Posted on 8/17/16 at 1:00 pm to LSUFanHouston
quote:
He was telling me about a requirement put in after Katrina that if you own a home in a flood zone at a higher risk than the X zone and you do not have flood insurance, that you are ineligible for federal assistance.
I agree that this is how it should be, but this will be a very small percentage of people, so even if they do receive some assistance, I'm not going really going to care
in the grand scheme of things, helping people after a natural disaster is the least of things that I would get outraged about
Posted on 8/17/16 at 1:00 pm to LSUFanHouston
I think your friend is full of B.S..
Posted on 8/17/16 at 1:02 pm to BRgetthenet
can't have a healthcare pool filled only with the fat, obese, and cancerous patients. 
Posted on 8/17/16 at 1:02 pm to Chad504boy
quote:frick off, Barry
Its needed across the country to stabilize premiums too.
Posted on 8/17/16 at 1:03 pm to LSUFanHouston
quote:
He was telling me about a requirement put in after Katrina that if you own a home in a flood zone at a higher risk than the X zone and you do not have flood insurance, that you are ineligible for federal assistance.
That would make sense, because if they go around a cover everyone there would be no incentive to carry flood insurance. It appears that just about every time there is a flood, a federal disaster is called in and FEMA shows up.
This post was edited on 8/17/16 at 1:04 pm
Posted on 8/17/16 at 1:04 pm to GreatLakesTiger24
quote:
frick off, Barry
Posted on 8/17/16 at 1:04 pm to Weekend Warrior79
quote:
That would make sense, because if they go around a cover everyone there would be no incentive to carry flood insurance. It appears that just about every time there is a flood, a federal disaster is called in and FEMA shows up.
In that other thread it quote JBE as saying that it was a one time option for those in a floodzone that didn't purchase insurance
Posted on 8/17/16 at 1:05 pm to Weekend Warrior79
quote:
because if they go around a cover everyone there would be no incentive to carry flood insurance.
the FEMA money, in no way, covers all the costs
its assistance, not full coverage
Posted on 8/17/16 at 1:05 pm to Chad504boy
quote:
Its needed across the country to stabilize premiums too.
The opposite seemed to happen with my health care insurance.
That said, I don't have a problem with everyone with higher risk than zone X (after they inevitably redraw the flood maps) have a flood insurance requirement.
I can also imagine people being upset if an abundance of assistance was offered to Katrina flood victims but not this extraordinary event.
This post was edited on 8/17/16 at 1:07 pm
Posted on 8/17/16 at 1:06 pm to member12
quote:
The opposite seemed to happen with my health care insurance.
not quite the same here. Flood insurance should be a requirement with federally backed loans. Private or Federally policy isn't forced.
Posted on 8/17/16 at 1:06 pm to member12
Not sure the maps should be redrawn and rezoned based on 2 feet of rain in 48hrs, but whatever.
Posted on 8/17/16 at 1:07 pm to Nado Jenkins83
quote:
In that other thread it quote JBE as saying that it was a one time option for those in a floodzone that didn't purchase insurance
No it didn't. You still can't comprehend that what he meant by floodzone is all of the parishes declared a national emergency.
Those people in those parishes can receive FEMA money if they have never flooded before.
Posted on 8/17/16 at 1:07 pm to LSUFanHouston
I worked for FEMA for 7 years after Katrina and there was this term that everyone knew: "FEMA Flexible". We would tell people no all the time, but all they had to do was bitch to the right politician and the rule was thrown out.
Posted on 8/17/16 at 1:08 pm to stout
quote:
No it didn't. You still can't comprehend that what he meant by floodzone is all of the parishes declared a national emergency.
Those people in those parishes can receive FEMA money if they have never flooded before.
where did it state that?
Posted on 8/17/16 at 1:09 pm to LSUFanHouston
From FEMA:
Looks like a condition of receiving assistance is that you will have to get flood insurance:
quote:
IHP Eligibility
Disaster survivors must meet the following criteria to be considered for IHP assistance:
Disaster losses are in a Presidentially declared disaster area;
A member of the household must be a United States citizen, a non-citizen national, or a
qualified alien;
The damaged home is where the applicant lives the majority of the year;
The damaged home is inaccessible or not livable due to the disaster; and
The disaster survivor has necessary expenses or serious needs as a result of the disaster that
are not covered by insurance or any other source.
Looks like a condition of receiving assistance is that you will have to get flood insurance:
quote:
Flood Insurance Requirement: Applicants whose homes are located in a Special Flood Hazard Area and who receive assistance for Repair, Replacement, Permanent Housing Construction, and/or Personal Property as a result of a flood-caused disaster must obtain and maintain flood insurance as a condition of accepting disaster assistance.
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